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LiChan LiChan
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7 years ago
The income equation is
A) revenues - expenses - gains - losses = net income (or net loss).
B) revenues - expenses + gains + losses = net income (or net loss).
C) revenues - expenses + gains - losses = net income (or net loss).
D) revenues + expenses + gains - losses = net income (or net loss).
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
Was looking for this exact answer, thanks
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